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RE: Ready to Mine Zcash (ZEC), But Are You Aware of the Initial Block Rewards
Great post. I've been interested in Zcash as well, but the same slow start and super hype has me concerned as well. I was tempted to start up a cloud mining account to try it out, but I feel a lot of people are going to be burned on this one either by spending a ton on mining or buying up coins too early before the price reaches some rational equilibrium. The lack of supply in the beginning may support the high initial price, but long term... I dunno. I do think it would be nice to have some Zcash for the features it offers bitcoin currently does not, but I'd also want to know I could transact with it easily as well and right now bitcoin has a huge adoption lead on everything else.
I guess that a lot of people feel that they missed the Bitcoin train and just jump at every new promising opportunity they get, hoping that this time they will be right to get in from the start... not a bad thing to do, though you should still carefully choose your battles. Zcash does look very promising, but jumping all in without even getting all the details first can be a problem and I'm getting the feeling that many people actually do that. I won't be surprised in seeing a lot of people tomorrow that will just rent enormous hashrate right from the start of the mining from NiceHash and then figure out the hard way about the initial very low rewards.